Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 5% - Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) shares were down 5% on Monday . The stock traded as low as $6.88 and last traded at $6.84. Approximately 274,088 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 1,760,385 shares. The stock had previously closed at $7.20.

Wall Street Analyst Weigh In

Separately, Raymond James Financial lowered Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group Stock Down 7.6%

The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.01 billion, a PE ratio of 12.12 and a beta of 1.60. The stock has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $7.79.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The business had revenue of $278.06 million during the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a return on equity of 5.54% and a net margin of 6.34%. As a group, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

Hedge funds have recently bought and sold shares of the company. Balyasny Asset Management L.P. lifted its position in Helix Energy Solutions Group by 356.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock valued at $23,017,000 after purchasing an additional 1,928,691 shares during the last quarter. Gate City Capital Management LLC bought a new stake in Helix Energy Solutions Group in the fourth quarter valued at approximately $17,639,000. Encompass Capital Advisors LLC lifted its position in Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after purchasing an additional 1,634,764 shares during the last quarter. Nuveen LLC bought a new stake in Helix Energy Solutions Group in the first quarter valued at approximately $7,378,000. Finally, Bridgeway Capital Management LLC lifted its position in Helix Energy Solutions Group by 738.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company's stock valued at $9,306,000 after purchasing an additional 879,437 shares during the last quarter. Institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.

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